so, couple months ago i settled multiple unsecured credit cards and now finally they are reporting as closed (by the consumer) and settled (for the amount agreed; a few say for less than the full amount, though).my fi...

Dear BP Indianapolis Real Estate Community,I would be interested to hear if anyone has a view/opinion (pro or con) on this week's article in the Indianapolis Business Journal (see below), which asserts that the neighborhood near/at Capitol Ave & W 16th stands to benefit appreciably based on the recent announcement by IU Health to consolidate some operations near/at Methodist Hospital.  

I think you should cancel the vast majority of your credit cards and consolidate into a single card that is used with extreme care.  

And one Four Unit for $55k (current debt FHA 203 loan -  $86k) now netting $28.5k in rents before debt service.So consolidated holdings are $110k in debt (no prepayment penalties with either) and netting $40k annually before debt service. 

This is important since you are wanting to "consolidate" your three properties into one larger property.  

The rest of my post was a consolidated list of do's don't's but you can find them in my posts as well. 

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I currently make a good income with my W2 position, own my home(owe about $178k on the loan), owe about 18k in student loans, and have just recently consolidated all my credit debt to a lower interest Prosper loan.

While I don't buy the '50 roofs vs. 1 roof' argument completely, the idea of refinancing or consolidating 50 properties at once down the road has me reluctant to start down the (admittedly simpler) route of buying every SFR with good numbers. 

Therefore, a lot of people could not pay their rent and consolidated with friends, family and other means to get by, which created vacancies that put a financial burden on the property owner, who may have lost their job as well in a lot of cases.